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PennantPark Floating Rate Capital
PFLT

54 hedge funds and large institutions have $55.1M invested in PennantPark Floating Rate Capital in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% less capital invested

Capital invested by funds: $55.1M → $55.1M (-$67.6K)

5% less funds holding

Funds holding: 57 → 54 (-3)

33% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 21

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
54
Holders Change
-3
Holders Change %
-5.26%
% of All Funds
1.56%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
14
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NIMC
NWQ Investment Management Company
California
+$4.5M
2
AIM
Allen Investment Management
New York
+$714K
3
HighTower Advisors
HighTower Advisors
Illinois
+$435K
4
MERSOM
Municipal Employees' Retirement System of Michigan
Michigan
+$371K
5
State Street
State Street
Massachusetts
+$254K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.63M
2
Millennium Management
Millennium Management
New York
-$1.37M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$1.15M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$996K
5
FNYS
First New York Securities
New York
-$869K
Name Holding Trade Value Shares
Change 		Change in
Stake
MERSOM
26
Municipal Employees' Retirement System of Michigan
Michigan
$370K +$371K +26,800 New
California State Teachers Retirement System (CalSTRS)
27
California State Teachers Retirement System (CalSTRS)
California
$367K – – –
BP
28
BBR Partners
New York
$362K – – –
AIG
29
American International Group
New York
$350K +$58.8K +4,241 +20%
Vanguard Group
30
Vanguard Group
Pennsylvania
$321K -$1.15M -83,266 -78%
BCM
31
Bridgeway Capital Management
Texas
$318K – – –
Charles Schwab
32
Charles Schwab
California
$291K – – –
TA
33
Teachers Advisors
New York
$273K – – –
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$220K -$2.91K -210 -1%
ProShare Advisors
35
ProShare Advisors
Maryland
$206K +$206K +14,889 New
MLICM
36
Metropolitan Life Insurance Company (MetLife)
New York
$175K – – –
JP Morgan Chase
37
JP Morgan Chase
New York
$173K -$445K -32,084 -72%
NFA
38
Nationwide Fund Advisors
Ohio
$157K – – –
Deutsche Bank
39
Deutsche Bank
Germany
$111K +$50.1K +3,616 +80%
Wells Fargo
40
Wells Fargo
California
$109K -$2.79K -201 -2%
BA
41
BlackRock Advisors
Delaware
$103K +$5.04K +364 +5%
PCM
42
Prelude Capital Management
New York
$97K -$103K -7,466 -52%
U
43
UBS
Switzerland
$90K -$797K -57,548 -90%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$59K +$29.9K +2,159 +101%
WRM
45
Westport Resources Management
Connecticut
$55K -$1.37K -99 -2%
Citigroup
46
Citigroup
New York
$36K -$78.1K -5,635 -68%
OIA
47
Optimum Investment Advisors
Illinois
$29K +$7.83K +565 +38%
US Bancorp
48
US Bancorp
Minnesota
$28K – – –
Barclays
49
Barclays
United Kingdom
$26K -$28.3K -2,045 -51%
AllianceBernstein
50
AllianceBernstein
Tennessee
$11K -$3.24K -234 -22%
1
2
3

PFLT Hedge Fund Activity: Q1 2014 in Review

54 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PennantPark Floating Rate Capital (PFLT) for Q1 2014, worth a combined $55.1M — down 0.12% from $55.1M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of PFLT and 5 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 14 added.

The largest buyer was NWQ Investment Management Company, opening a new position worth an estimated $4.5M. The largest seller was Morgan Stanley, cutting an estimated $1.63M.

  • 54 institutional investors held PennantPark Floating Rate Capital (PFLT) as of Q1 2014, down from 57 in Q4 2013.
  • Funds reported $55.1M of PennantPark Floating Rate Capital stock for Q1 2014, down 0.12% quarter-over-quarter.
  • 5 funds opened new PennantPark Floating Rate Capital positions in Q1 2014 and 8 closed out, a net change of -3 holders.
  • The largest PennantPark Floating Rate Capital buyer in Q1 2014 was NWQ Investment Management Company, an estimated $4.5M added.
  • The largest PennantPark Floating Rate Capital seller in Q1 2014 was Morgan Stanley, an estimated $1.63M sold.

Based on aggregated 13F filings for Q1 2014.